ST Aerospace Announces Ownership Stake in EADS EFW

ST Aerospace announced the completion of its investment of 35 percent equity interest in EADS EFW, the Dresden-based subsidiary of EADS.

EADS signed an agreement with ST Aerospace to form a strategic partnership in February 2012 to develop an Airbus A330 passenger-to-freighter (P2F) program. The company said it would commence the A330P2F engineering development phase later this month.

“EADS EFW will serve as ST Aerospace’s European maintenance, repair and overhaul center, leveraging the aerospace sector’s global network,” ST Aerospace said in a statement. More